Note: The S/R levels (i.e. likely bank trader order levels) as depicted in their respective timeframes in this and prior articles have not changed, and will probably NEVER change regardless what happens in financial markets. What follows is my own world view, developed from an institutional trading career dating back to 1995.
After seeing declines in not just the factory PMI but also the services PMI, today’s NFP should logically confirm the bad news.
Analysts are polled to forecast higher NFP numbers, but privately traders are skeptical.
As if impeachment isn’t enough bad news for President Trump.
In the FX markets, we’re not calling for direction either way. But the S/R levels should provide enough indications of where the historical order interests are.